Gulf coast oil spill

[TheMercenary]

Was it useful to bring in the Chief of BP and rake him over the coals in front of a bunch of pissed off Congress people? Seems like they are more interested in the midterm elections than they are in finding solutions to the problems. A bunch of political grandstanding by both sides.

[xoxoxoBruce]

Well shit, aren't all congressional hearings political grandstanding?

[tw]

Originally Posted by TheMercenary

Was it useful to bring in the Chief of BP and rake him over the coals in front of a bunch of pissed off Congress people?

They demonstrated a very important point. This BP top executive knew nothing about the business. He - like the head of GM, Chrysler, AIG, Merrily Lynch, etc knew nothing about their business other than how to make the spread sheets say what they had to say.

Congress quickly identified a major problem. Earlier, executives from the other oil companies not only knew what the business does. Each also demonstrated knowledge of what is necessary to operate oil wells safely. Congress demonstrated why BP has had so many failures - and why the other majors have not.